Staff Writer
The African Peer Review Mechanism (APRM) Technical Support Mission on international credit ratings has started a three-day visit to Namibia aimed at strengthening the country’s ability to engage with global credit rating agencies.
The mission began with meetings with National Planning Commission (NPC) director-general Kaire Mbuende and APRM focal point and chief executive officer ambassador Lineekela Mboti.
The visit forms part of an African Union initiative to support member states in managing the global credit rating system.
Led by APRM lead expert researcher on international credit ratings Misheck Mutize, the mission will assess challenges Namibia faces during the pre-rating phase.
It will also support a structured national credit rating process, assist with post-rating appeals where needed and guide the implementation of recommendations.
The programme aims to strengthen institutions and improve how Namibia engages with credit rating agencies. It also seeks to support efforts to improve the country’s credit profile and access to development finance.
During the engagement, Mutize provided an update on the planned launch of the Africa Credit Rating Agency (AfCRA) in July 2026.
The agency is expected to offer assessments that reflect African economies more accurately.
Local authorities welcomed the mission and highlighted the importance of stronger credit ratings for national development.
The mission will hold consultations with the Ministry of Finance, the Bank of Namibia and the private sector.
The mission will produce a report with findings and recommendations at the end of the visit to guide Namibia’s engagement with credit rating agencies.
